The sum of your credit card balance on each day of a billing cycle, divided by the number of days in that billing cycle. Credit card companies determine the finance charges you'll pay each month by multiplying the average daily balance by the monthly interest rate.
*Disclaimer: CreditCardGuide.com is an independent, advertising-supported comparison service. This site may be compensated when a user clicks an "apply now" button. Every attempt has been made to present accurate information. However, all credit card information is presented without guarantee. After clicking on an offer, you will be taken to the credit card issuer's web site where you can review the terms and conditions for your selected offer.